Wall Street did something extremely spectacular in the year 2008 (September). For saving United States’ 2 largest lenders, Freddie Mac and Fannie Mae, the government accepted to take their debts. Similar to this, there were many financial dramas where Wall Street came to the forefront. Its role was unseen, but still, it was crucial. This place helped numerous investors and lenders by saving them and funneling their funds.
In this chapter, you will come about the workings of financial markets and also how it influences a country’s economy.